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Destination Xl Group Inc

The stock symbol DXLG is for the company Destination XL Group, Inc., which is a leading specialty retailer of big and tall men's apparel in the United States. The company's product offerings include a wide range of clothing items such as jeans, casual and dress shirts, sport coats, sportswear, activewear, and footwear, as well as accessories like ties, belts, and underwear. Destination XL operates through a dual-channel model, consisting of both traditional retail stores and e-commerce platforms.

As of 2021, Destination XL has over 200 retail locations across the United States and Canada, as well as a strong online presence through its e-commerce site, www.destinationxl.com. The company targets a niche market of male consumers who have difficulty finding fashionable and well-fitting clothing in traditional retail stores due to their larger sizes.

In terms of financial performance, Destination XL's revenue has been growing steadily over the past few years. In 2020, the company reported total revenue of $403.6 million, representing a 3.4% increase from the previous year. However, the company's net income has been fluctuating, with a net loss of $25.5 million in 2020 due to the impact of the COVID-19 pandemic on its operations.

Looking forward, Destination XL is well-positioned to continue its growth trajectory as the only national specialty retailer focused on the big and tall men's market. The company's strategic initiatives, such as expanding its product offerings, improving its e-commerce capabilities, and optimizing its retail store footprint, are expected to drive long-term growth and profitability. Investors looking for exposure to the apparel retail sector may want to consider Destination XL as a niche play with significant growth potential.